So…
It’s not a bubble because…
“This is the largest infrastructure build-out in human history,” Huang said of active and promised data center projects. "And so the AI bubble is, comes about because the investments are large. And the investments are large, because we have to build the infrastructure necessary for all of the layers of AI above it."
It’s something we’re sinking money into soley because we’ve already been sinking money into it, and we don’t want anyone else to get ahead of us even though literally no one has found a way to monetize it enough to make back prior investments let alone new investments…
Like, he knows that’s literally the definition of an economic bubble, right?
Is he just trying to grift dumb rich investors, or does he legitimately not understand his company could go bankrupt literally at any moment if the investor class ever comes back to reality?
It’s almost like hubris is blinding.
Don’t get me wrong, I totally agree These motherfuckers would scorch our planet for profit but this… feels different.
Is not a secret a lot of the most influential Billionaires are transhumanists (Elon Musk, Peter Thiel, etc).
But hey, it might as well be a grift to get on board other unsuspecting rich fucks…
Either way, we should put these power hoarding dragons to sleep, soon!
Trans-humanism probably requires a whole lot of failed experimentation first… You’d need a sort of systemic conveyor-belt of test subjects. How are you going to do that? Just rip people off the street under false pretenses?
…
Of course they deny that AI is a bubble. Like real estate speculants deny the housing market being a bubble. It simply would be an admission of failure.
I’d rather forgo all of my technology and live like a caveman than use and embrace AI the way these morons want.
I haven’t read the article. I’m not going to read the article because I, quite frankly, don’t care about these people and I hope they all fucking crash and burn. But I’m going to take a guess and say that their attitude is something on the order of “We’re making tons of money how can they possibly be the bubble?”
In my opinion thus far, AI is good for the consumer, not the enterprise. It has no new information, which is what makes companies grow. I know people don’t think the want it, but in the end, it will be that Microsoft, Apple, and Max n don’t have a reason for it right now. While Google does. (Bing is Microsoft so yes). People are idiots and can learn from others. New ideas can’t come from language models, thus useless to companies looking to engineer new ideas. But if you want to re-iterate BS people could not find, it helps. It will bleed anyone providing the information dry, so that will dry off, but it puts every dollar into the search engines povket for advertising, and steals from anyone chasing “the American Dream”.
The bubble thing is more the financial aspect. None of these AI companies are profitable and they also don’t have a clear path to profit. For some time the business plan of Open AI was literally develop advanced AI and then let the AI figure out how to make money. Yet, these companies attract huge amounts of investment and are responsible for basically all of the economic growth in the US.
Nobody thinks there are no uses at all for LLMs or image generation etc. or that people in general hate all AI. It’s a bubble because a lot of money is being invested in something that nobody managed to make profitable yet, so if the investment stops, then these companies will all implode.
There is also the fact that AI is being shoved into a lot of places where it really is quite useless. Search engines are the most glaring example of this. LLMs aren’t suited for integration into a search engine, and yet every search engine in existence has had one mashed into it and advertised as the greatest thing since sliced bread. And they all universally suck at it.
What benefit? Seriously, what benefits are you actually talking about?
Maybe they exist in niche areas, like improved translation software or some such thing, but maybe that’s just normal “use computers better” technological advancement and not actually anything magical.
Trust me bro. Just one more AI, I swear.
Bubble inflators say there’s no bubble, ask for more pumps for no reason.
Tulip vendors saying mania is fake news!
The “damage control” they’re doing clearly isn’t working that well, eh?
No shit. Their stocks would crater if they did tell the truth.
Is davos a gathering of villains hell-bent on making the world a worse place?
There is no war in Ba Sing Se
Filthy rich liars that got filthy rich by lying and stealing are once again lying to protect their disgusting wealth. Who could‘ve seen this coming?
Does he ever wash those clothes?
He just buys new ones every three days
They’re Stanzo’s, the smell means they’re quality…
They’re nice
The truth is: if you have wealthy people asking if a bubble is real, and their friends who benefit from their investment deny it, the bubble it is real.
“Not a bubble” isn’t for us it’s for investors that are starting to wake up. He’s just trying to keep them asleep
